Top 10 Online Acquisitions in India 2015

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2. Ola cabs acquires TaxiForSure

Ola Cabs has acquired its rival in the taxi aggregator space, TaxiForSure March, 2015.


Image: Company Website

OlaCabs is a popular mobile app for personal transportation. Founded in 2010, Ola started as an online cab aggregator in Mumbai, but now is based out of Bangalore. By late 2014, OlaCabs had a fleet of 200,000 cars across 100 cities in India. Taxi booking facility on Ola can be availed through app and website. TaxiForSure.com is a taxi aggregator company based in Bangalore, India. It provides facility to book a cab through mobile app, website or calling on a helpline number.

After the merger, Ola and TaxiForSure will continue to operate as separate entities. TaxiForSure’s leadership and 1,700 employees will continue to work with it. The deal will strengthen Ola’s presence in personal transportation segment competing with Meru Cabs and Uber.

Price of the deal: Rs 1240 Crore